Phoenix Forge makerspace projected to create $36 million in economic output
GateWay Community College, one of the ten Maricopa Community Colleges, is proud to announce the findings of the Greater Phoenix Economic Council (GPEC) Regional Impact Analysis of Phoenix Forge, a community makerspace, over the next ten years. Open to the public, Phoenix Forge is projected to create an estimated $36 million in economic output and generate an estimated $1.4 million in tax revenue. Furthermore, the study states that the makerspace will create an estimated $16.5 million of personal income.
“We are thrilled about the potential regional economic value that Phoenix Forge will have on our local economy,” said GateWay Community College President Dr. Amy Diaz. “We believe this makerspace has huge potential to become a driving force behind innovation and entrepreneurship within our community.”
Phoenix Forge provides a cost-effective solution and collaborative workspace for students, entrepreneurs, small business owners, and hobbyists. The 17,000-square-foot facility offers access to high-quality and large-scale equipment, allowing students and artisans to bring their innovative designs to life. The makerspace has everything needed to turn creative concepts into reality with technology, such as 3D printers to prototype running shoes and flat-pack furniture, as well as woodworking tools to craft custom guitars and unique hand-made furniture.
“With access to the state-of-the-art facility, hands-on classes, and twenty experienced staff members, Phoenix Forge is the perfect space for creativity and innovation,” said Dr. Bruce Balfour, Executive Director of Phoenix Forge. “By providing this comprehensive support, we aim to help local start-ups thrive, keep businesses within our community, and connect entrepreneurs to state-of-the-art technology to enable them to save money.”
As the largest makerspace in the Southwest, Phoenix Forge is a national model for community college makerspaces. Community college leaders from across the nation visit Phoenix Forge to gain insights into the operational model, from staffing to program offerings and generating revenue.
Learn more about Phoenix Forge and our membership options on our about page.
